Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Friday, November 28th will be given a dividend of 0.21 per share by the semiconductor company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 28th.
Power Integrations has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 12 years. Power Integrations has a dividend payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Power Integrations to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 59.6%.
Power Integrations Trading Up 1.6%
NASDAQ POWI opened at $39.59 on Thursday. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 68.26, a PEG ratio of 2.71 and a beta of 1.37. Power Integrations has a twelve month low of $34.55 and a twelve month high of $69.53. The stock has a 50-day moving average of $42.61 and a 200 day moving average of $48.72.
Power Integrations Company Profile
Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.
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